Singapore, September 23 (QNA) – Gold pricesØ¢ surged to a historic peak on Tuesday, buoyed by rising expectations of additional US interest rate cutsØ¢ and a softer dollar.

Spot gold rose 0.2% to $3,752.43 per ounce, touching an all-time high of $3,758.03 earlier in the session.US gold futures for December delivery climbed 0.3% to $3,787.60.

The US dollar index was down 0.1%, making greenback-priced gold cheaper for overseas buyers.

Safe-haven gold — typically strong in a low-interest-rate environment — has climbed nearly 43% so far this year, supported by geopolitical and economic uncertainty, sustained central bank purchases, and monetary policy easing.

In other precious metals, spot silver fell 0.2% to $43.98 per ounce. Platinum gained 0.3% to $1,420.45 and palladium rose 0.9% to $1,189.84. (QNA)